Property Development

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5 of the Most Affordable Locations to Buy in London

The first few months of 2017 have without a doubt been politically temperamental, what with the triggering of Article 50 and the coming election in June. With political instability comes the inevitable fluctuation in the property market. Property prices in London may have plateaued for now, but London still remains one of the most expensive cities in the world to live. With this in mind Luxe Property Group sought to explore the postcodes in London with the most affordable price tag.

Abbey Wood, SE2

Average Price: £309,561

Five-year growth: 76%

Abbey Wood is an area of southeast London, within the London Boroughs of Greenwich and Bexley. South of Thamesmead and 10.6 miles from Charing Cross with a train ride time of 35 minutes, Abbey Wood is a perfect location to set up camp for commuters. Not to mention, that the station will soon become a terminus for the southeastern branch of Crossrail’s Elizabeth Line, beginning in late 2018.

Uxbridge, UB8

Average Price: £376,554

Five-year growth: 58%

Uxbridge is a town situated in west London. With two shopping centres, a leisure centre and an established university, the town is buzzing with energy. Both the Picadilly and Metropolitan lines connect Uxbridge to the city, and although being based at the end of the line means a longer commute, you’re almost certain to get a seat in rush hour.

Stratford, E15

Average Price: £377,484

Five-year growth: 66%

Based in the far east of London lies Stratford. Home to both Westfield Stratford City, one of the largest urban shopping centres in Europe, and Queen Elizabeth Olympic Park sporting complex that was built for the 2012 Summer Olympics and Paralympics. On both the Central and Jubilee line, as well as the London Overground, Stratford is not only a buzzing place to live, but an easy commute into the London’s centre.

Tottenham, N17

Average Price: £347,486

Five-year growth: 67%

Tottenham, home to the White Heart Lane football stadium or ‘The Lane’ is probably the most notorious site in Tottenham. Despite the team relocating to Wembley for the coming year, the new stadium that’s set to be built on this site in 2018/19 predicts Tottenham becoming an even more thriving hub then it already is. With numerous bus connections and a London Overground station, Tottenham is a well-connected location to live.

Enfield Lock, EN3

Average Price: £312,004

Five-year growth: 57%

In the North East of London and based in Travelcard Zone 6 lies Enfield Lock. Connected by railway and the River Lee navigation, this location is a perfect place for those with a boat. With a rising increase of Londoners looking to the rivers and canals for better value home, Enfield Lock is also an ideal spot for mooring.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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3 Benefits of a Serviced Apartment

Our sister company at Luxe Property Group, Buckingham and Lloyds, provide fully serviced apartments in the heart of beautiful Kensington and Chelsea. For those of you who don’t know, serviced apartments are fully furnished apartments that offer all of the hotel-like amenities. Serviced apartments are always a wise option when travelling, whether a long vacation or a short trip, business or pleasure.

The Best of Both Worlds

Staying in a serviced apartment really is the best of both worlds. Fully equipped apartments offer the comfort of a whole home with all the added benefits of a hotel. Having the whole apartment to yourself, instead of just a hotel room, provides enough space that if a quiet night in is what takes your fancy, you can do so, without compromising on luxury. Whilst it may come to feel like a home away from home, by staying in a serviced apartment guests still get to experience the indulgence of a 24-hour concierge, daily cleaning services and the added security of self-contained accommodations – win-win.

Flexibility

Serviced apartments have added amenities that hotels lack. A fully equipped kitchen gives guests the added flexibility of being able to cater for themselves. This flexibility is also reflected in the above-mentioned benefit of having enough space that should you want to stay in, you can do so in a comfortable environment. For bigger groups, serviced apartments offer an exclusive space where the guests can relax together, as well as giving guests the privacy of individual bedrooms. Not to mention, serviced apartments are often the more cost-effective option.

Location

The beautiful Buckingham and Lloyd serviced apartments are found nestled in the heart of Kensington and Chelsea. Only a stone’s throw from some of London’s cultural hotspots – The Royal Albert Hall, Natural History Museum, Harrods – the location couldn’t be any more prime. Likewise, most serviced apartments are often situated in the heart of the city’s action.

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About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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Designer Household Items

Top fashion designers have been moving into the interior space for some time now. With designers like Karl Lagerfeld, Giorgio Armani, and most recently, Thierry Mugler even expanding into the hotel business. Although, these pieces may just sound like regular household items, when it comes to property development, their unique designs, high quality finish and of course that luxury label, make them the perfect statement feature. Here we’ve put together our very own favourites – definitely worth considering when giving your property a little spruce.

Dolce&Gabbana

Luxe-Property-Group-luxury-property-development-londonMost of us know of Smeg, the appliance company that specialises in refrigerators. But, what most of us didn’t know is that Smeg teamed up with the renowned Dolce&Gabbana to create beautiful hand painted refrigerators and this year have released a similar collaboration on smaller appliances – toasters, blenders, juicers and kettles. Although there is no guarantee the kettles will boil any faster, they’ll certainly give your kitchen a much-needed lift.

 

 

Robert Cavalli

At Luxe Property Group, we offer luxury interior design services to properties in London. The right bed sheets are vital for creating a bedroom space that oozes comfort. And for that reason, Robert Cavalli’s selection of boldly printed sheets are definitely up their with some of our favourite designer home-ware.

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Fendi’s ‘Armchair of a Thousand Eyes,’ that is made from more than 100 of the Fendi ‘bag bugs’ made a serious statement when it launched in the Salone del Mobile in Milan last year. Although this piece might not be to everybody’s taste we can’t help that it caught our eye.

Hermès

We’re sure you have heard it been said, “One cannot think well, love well, sleep well, if one has not dined well.” Well, when it comes to dining there is no better way than off Hermès porcelain, so we hear. From plates to cups and saucers, the Hermès collection revolutionises an ordinarily boring cup of tea. Not to mention they also make a beautiful kitchen feature; it’s definitely worth leaving them on display.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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Leasehold Property: The Low Down

People seem to have got their heads around freehold property, but here at Luxe Property Group, we often still get asked about the lesser known – leasehold properties. In the past couple of years leasehold ownership has been on the rise, including approximately 95% of new properties in London that are being sold. Leasehold ownership effectively translates to long-term tenancy, the right to occupy and use a property for an extended period of time. Typically, the period is anywhere from 90 years to 125 years, but not uncommonly the period is up to 999 years, making it almost indistinguishable in the buyer’s mind to freehold ownership. Like all forms of property ownership, leasehold properties come with their own set of pros and cons. Here we have listed a few to help you make the right decision.

Pros

  • Leasehold ownership properties are usually cheaper to purchase than owning a property outright – making it a good option for many as we see property prices rising.
  • Often after two years of living in a given property, leaseholders are offered the option of extending the lease by 90 years, although this does come at a cost.
  • In apartment blocks, leaseholders occasionally have the opportunity to work alongside other leaseholders in that block to buy out the freeholder, leaving them with a share of the freehold. Responsibilities for maintenance of the property will then be passed on to the given occupants.

Cons

  • Aside from the initial payment, you will often be required to pay ‘ground rent’ to the freeholder. This can range anywhere from £10 a year for ex-local authority flats to £300 a year for modern luxury apartments.
  • You will also be required to pay a fee towards the maintenance of the property, this can be managed by the freeholder themselves or by an outside block management service like us.
  • Leasehold ownerships also limit you on the work that you can do to your property, all major works must be accepted by the freeholder first.
  • Probably the largest con for leasehold properties is what happens after there is less than 90 years on the lease. Banks will become less likely to offer mortgages on properties with less than 70 years, so we’d definitely recommend cautiousness when faced with a shorter lease.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

Sign up to our newsletter via the form below to stay up-to-date with the latest property insights.

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The Benefits of Appointing a Block Management Agency

In November 2015, Luxe Property Group launched a block management department in London. Ever since, we have been creating individually tailored approaches for our clients to tackle the daily demands of block management, offering everything from ground rent collection to organising cleaners for communal areas. No matter the size of the block, hiring a management agency offers a plethora of benefits, which ultimately outweigh the fees that leaseholders have to bear. Here is what we think are the most crucial advantages of appointing block management services.

Organisation and the Boring Stuff

By appointing a block management company, like Luxe Property Group, you are choosing professionals with extensive experience in organising the maintenance of premises. This means diligent timetables for redecoration and repairs, as well as, an organised approach to collecting fees. Block management agents are also responsible for the boring and time-consuming administration required, saving occupants from this arduous task.

Objective Viewpoint

Hiring block management services eliminates difficulties that can arise between occupants. They are able to offer an impartial perspective when assessing what, and if, work needs to be done, having only in mind the upkeep of the premises. Furthermore, any disputes that may ensue can be dealt with without involvement of any personal discrepancies between neighbours, landlords and leaseholders. At Luxe Property Group, our block management department also takes full responsibility for collection of service and ground rent charges, alleviating any tension this can cause.

Insurance Requirements

Block management companies also possess fidelity insurance cover. This is a huge advantage in comparison to self-regulation of funds because it protects the client funds from act of dishonesty. Block management agencies often also possess further insurance to protect client funds from incompetence and careless acts – giving occupants added security.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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 3 Creative Tips for a City Garden

The sun shining outside may have got you in the mood to spend some time pottering around outdoors trying your hand at gardening, but, like many London residents, garden space is often limited. However, at Luxe Property Group we don’t think that should be reason enough to deter a city dweller from developing the outdoor spaces they do have access to, rather, we see it as an opportunity to get a little more creative with gardening.

Window Boxes

Luxury property developers understand the importance of a beautiful exterior; it’s a paramount feature for a property to leave a lasting first impression. Window boxes may seem like an obvious way to add some garden to a property that may lack outdoor space, but there are a few creative ways to go the extra mile. Building your own window box with a nesting box feature is a great way to create a habitat for wildlife that is not always feasible in a smaller city garden. Doubling up boxes outside your window also gives you more space to garden with, consider a smaller box on the ledge and then layering up by mounting a larger box to the wall underneath.

Hanging Boxes

Hanging boxes are a great way to get creative with your gardening. Instead of taking up any important patio or lawn space, planting flowers in boxes and hanging them on a spare wall, the porch and ceiling space can create a beautifully decorated plot. Using old cake tins and tin cans to plant flowers in, is a wonderfully environmentally friendly way to give this a quirky look.

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Table Boxes

If you only have a balcony that just manages to squeeze on a table and a couple of chairs, table boxes are a creative way to add some gardening to your property – they work beautifully both inside and outside. Filling a box with your favourite floral makes for a great dining table centrepiece or works well placed on top of a side table.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

Sign up to our newsletter via the form below to stay up-to-date with the latest property insights.

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Brexit and London Property Prices

With the end of last month seeing Teresa May trigger Article 50, marking the beginning of Brexit negotiations between the EU and the UK, questions of how this impacts the UK’s property scene, and in particular London, are beginning to arise and be answered. At Luxe Property Group, we love the opportunity to weigh-in and share our insights, especially when the property world may seem unstable.

The past three years have seen London house prices increase by a staggering 37% according to current Savills figures, in comparison to the 16% increase outside of London. However, the post-Brexit vote atmosphere the past few months has resulted in an air of uncertainty for those on the buying-end, hence leading to a decline of the volume of properties being purchased in and around London in comparison to the wider England and Wales region. Moreover, some of the most desirable and higher priced areas in West Central London – Chelsea, Kensington, Hammersmith and Fulham, have seen a decrease in value more pronounced than that of outer London counterparts. Although this may seem to paint a fairly bleak picture, we agree with Mark Ridley, chief executive of Savills’ UK and Europe division, who acknowledges “The seismic shock of the Brexit vote brought UK transactional activity in many cases to a juddering halt… but life in the property world goes on.”

On that note, we think it’s at least of equal importance to highlight the positive impact that Brexit will have on London’s property scene. For high-end property developers like us, we can see that whilst the pound remains weak against the dollar, London is a very favourable place for investment from overseas. Particularly whilst property prices in highly desirable locations, such as Kensington and Chelsea, remain lower than that of previous years. For those looking into investing in London – now is the time.

It’s also important to remember the fluidity of the property market. Property prices are often first to be hit hardest by any economic change, especially in a major cosmopolitan city. Regardless of whether in the EU or not, London still remains an economic metropolis, we predict that inner city London prices will begin to rise as the future of the UK becomes secured. Already, housebuilders’ share prices that dropped by 37% after the Brexit vote have risen to just 15.6% below pre-vote level, as well as, real estate investment trusts, which lost 22%, now returning to only 10% lower than pre-vote level. Evidently, the post-Brexit property market isn’t in as dire state as popular opinion makes out. Without a doubt, the best thing one can do is to take advantage of the change in the London property scene.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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Spring Clean: De-cluttering and Maximising Storage Space

 The beginning of spring often produces an urge to refresh and update living spaces. After a long, stuffy winter there is an overwhelming amount of satisfaction that can occur from spring clean, but often the whole process can feel quite daunting. With a little bit of de-cluttering and a little more maximising storage space, a spring clean can give your property a mini interior design facelift, a perfect way to begin the warmer months.

De-cluttering – should I keep it?

When it comes to de-cluttering there are definitely a few sure-fire questions that should be asked, besides the classic yet tricky to answer, “do I need this?” Often a good way to be honest and decide whether something is worth keeping is to ask yourself when you last used something. Or, to consider if you’d bring said thing with you if were to move.

Target Areas

Although we’re all guilty of getting a little bit overexcited and going full force with the spring clean, it’s better to combat specific areas to improve. Instead of deciding to de-clutter the whole kitchen, why not try to start with just the pots and pans or the pantry.

Selling/Up-cycling

Make the most of the bits and bobs you have decided to de-clutter. Consider reinventing the clutter into something you useful or an attractive feature. For example, up-cycling an old pair of mugs into an herb garden, or antique books into a knife holder. Alternatively, selling your unwanted things is an easy way to make your spring clean profitable.

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Maximising Storage

By maximising storage spaces in your property you can give your house a spring clean without necessarily having to get rid of anything. This is especially important for efficiently optimising smaller living spaces.

Clever Shelving

By thinking outside the box with shelving you can create space, helping to reduce clutter. Using the area around the doorway is a great way to make use of ‘dead space’ and also works well as a beautiful design feature – crockery or old books would work well for this. Shelving appliances above each other also creates space – consider shelving the dryer above the washing machine instead of side by side.

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Wall space

Making use of wall space this spring is a brilliant way to reduce clutter around the house. Picture your counter top without all those spices, herbs, and utensils in containers, and instead make use of the kitchen wall space by using a hanging spice rack and a bar to hang your spatula set from.

Under The Stairs

Interior designers are always developing innovative ways to create beautiful features and storage spaces. Consider renovating the space underneath your staircase this spring with a desk and drawers, or a seat with a bookcase, an inspired way to remove clutter and spring clean your property.

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About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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What’s Trending in the Kitchen in 2017

 The kitchen is the heart of the home. A place where families come together at the end of a long day and friends are always welcome. Just as with other rooms in our homes, kitchens also follow ever-changing interior design trends. Changes in our lifestyle and various movements in other aspects of our lives (fashion, health, etc…), in turn, drive changes within the home. Read on for our list of what’s cooking in the world of kitchen interior design so far this year.

Darker Tones

This is a trend we’re seeing throughout the home in 2017. Darker hues, such as Benjamin Moore’s Colour of the Year for 2017, ‘Shadow’, are proving really popular. People are experimenting, with great success, as they look beyond the realm of neutral colours.

Natural Stone

Greater focus on, and use of, natural materials is another popular trend within the home so far this year. In the kitchen, solid stone work-surfaces, stone veneer fronted cupboards and drawers, and natural stone flooring are increasingly fashionable. Interior designers are moving away from all-white kitchens to deliver texture, depth and character.

Wood/Timber

Timber finishes are also growing in popularity in the kitchen, with a focus on mid-toned, textured wood, as opposed to the lighter tones harnessed by the likes of IKEA in the past. Wood creates a more natural look and feel, adding warmth, texture and character when used correctly.

Greenery

Continuing with the natural theme, another trend we’re seeing more and more in the kitchen this year is the introduction of plant life. This can be anything from a miniature herb garden to large-scale hanging/green wall. The health benefits are unquestionable, with plants creating cleaner air whilst reducing stress and increasing happiness. Why not give it a go? It’s easy and affordable. A bit ofgreenery can transform the kitchen.

Healthy Cooking

Awareness around health and wellness in recent years has increased hugely. This new-found consciousness has had an impact on interior design throughout the home, including the kitchen. Increasingly health-conscious individuals are now looking to integrate healthy cooking appliances, such as steamers and pressure cookers. Miele, for example, released an integrated pressure cooker recently, which has proved very popular. Expect more and more focus around healthy eating appliances this year.

Designated ‘Zones’

Interior designers are being increasingly asked to include designated areas within kitchens, such as ‘coffee zones’. These consist of an area dedicated to integrated coffee makers plus all the added necessities for coffee lovers to make the perfect cup for themselves or their guests.

Wine is also being used as a focal feature, with some people even backlighting their selection of bottles for visual effect. Showing off your rack is on the up.

Open fronted storage

One final trend, which we touched on in a previous article, ‘How to make the most of smaller living spaces’, is that of open-fronted cupboards. This increasingly popular approach to storage in the kitchen allows people to show off their cookware. Provided your cupboards aren’t full to the brim, it can also increase the feeling of space whilst adding character. This is worth exploring in more rustic/natural kitchens whilst for modern kitchens we recommend considering the natural materials mentioned above.

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

Sign up to our newsletter via the form below to stay up-to-date with the latest property insights.

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5 Top Interior Design Trends of 2017

With 2017 well and truly in full swing, we look at 5 prominent interior design trends taking the year by storm. From natural tones to retro classics, rejuvenate your home with these top tips from industry experts.

Greenery:

‘Pantone’s verdant colour of the year for 2017, Greenery, seems to be an instant hit for those looking for a revitalizing, back-to-nature hue that brings zest while still managing to work with warm wood tones,’ says Mitchell Parker from Houzz. Get creative and inject new life into a space.

Why not take advantage of natural greenery by adding plant life to your bedroom or living room? As well as improving air quality, it creates a more natural, relaxed aesthetic that can increase happiness and reduce stress.

Natural Jewel Tones:

‘Last year welcomed the bold return of art deco-inspired designs, and with them come luxurious jewel tones. Indulge your regal side with rich emerald chairs, bold sapphire walls, and amethyst accents. Pair the designs with neutral, minimal wall colours for a toned-down take on the trend, or go wild and slather your entire living space in vivid colour,’ stated Jamie Wiebe in a recent article for realtor.com.

Graphic Inspired Art:

‘Graphic inspired art will provide a contemporary take on nature over the year ahead. Natural items like pebbles and blades of grass will be given a new lease of life through the playful interaction of graphics and textures,’ according to Warren Lewis from propertyreporter.co.uk. From throws to murals, modern interpretations of nature can add relaxed character to the home and increase happiness.

Textured Glass Lighting:

Housewareslive.net believes that ‘when it comes to lighting, textured glass is unquestionably the way to go. A rough, natural finish created through texture, while retaining the beauty of glass, will further contribute to the natural vibe that will be so evident’ throughout 2017.

Cork:

‘One of the latest trends to enter the new season for 2017 is the use of cork. Fashionable in the 70s, we’ve seen a quiet resurgence as designers move towards using cork in everyday interiors. It’s a functional, sustainable and practical material and interiors experts are using it in the most creative way. One of the great things about cork is its environmental benefits. As it is created from the bark of the tree it means the tree does not have to be cut down and can continue to live and grow,’ explained Roddy Clarke in a recent article for the Evening Standard. Not only is cork a fashionable material idea that adds warmth and texture to rooms, it’s also perfect for absorbing sound in larger, open plan homes. We say, embrace this retro classic!

About Luxe Property Group:

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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